michael g. white state-certified general appraiser rz2999
TRANSCRIPT
Michael G. WhiteState-Certified
General AppraiserRZ2999
Marion County Real Estate
Market Trends
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2005 5,813 156,520 N/A 135,900 N/A 90
2006 4,735 178,516 14% 160,900 18% 109
2007 3,169 173,339 -3% 152,000 -6% 144
2008 2,453 147,874 -15% 126,000 -17% 163
2009 3,234 113,467 -23% 95,000 -25% 154
2010 4,003 102,068 -10% 80,000 -16% 155
Active 4,307 N/A N/A N/A N/A N/A
Entire County2010
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2005 5,813 156,520 N/A 135,900 N/A 90
2006 4,735 178,516 14% 160,900 18% 109
2007 3,169 173,339 -3% 152,000 -6% 144
2008 2,453 147,874 -15% 126,000 -17% 163
2009 3,234 113,467 -23% 95,000 -25% 154
2010 4,003 102,068 -10% 80,000 -16% 155
Active 4,307 N/A N/A N/A N/A N/A
Entire County2010
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 1,441 188,820 N/A 159,000 N/A 101
2007 Q1 994 186,555 -1% 161,200 1% 140
2008 Q1 587 182,747 -2% 130,000 -19% 169
2009 Q1 537 126,098 -31% 100,000 -23% 167
2010 Q1 920 103,470 -18% 85,000 -15% 159
2011 Q1 1,045 92,270 -11% 69,000 -19% 161
Active 3,983 N/A N/A N/A N/A N/A
Sales
0
200
400
600
800
1,000
1,200
1,400
1,600
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Entire County
Sales Q1
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 1,441 188,820 N/A 159,000 N/A 101
2007 Q1 994 186,555 -1% 161,200 1% 140
2008 Q1 587 182,747 -2% 130,000 -19% 169
2009 Q1 537 126,098 -31% 100,000 -23% 167
2010 Q1 920 103,470 -18% 85,000 -15% 159
2011 Q1 1,045 92,270 -11% 69,000 -19% 161
Active 3,983 N/A N/A N/A N/A N/A
Sales
0
200
400
600
800
1,000
1,200
1,400
1,600
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Entire County
Sales Q1
Driving Forces
• Marion Oaks• Silver Springs Shores• Distressed Sales
Marion Oaks
Sales
0
50
100
150
200
250
300
350
400
2005 2006 2007 2008 2009 2010
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2005 334 135,159 N/A 129,938 N/A 96
2006 321 167,458 24% 169,900 31% 104
2007 193 160,589 -4% 165,000 -3% 135
2008 154 121,632 -24% 128,250 -22% 148
2009 296 85,451 -30% 86,450 -33% 118
2010 363 71,967 -16% 76,626 -11% 127
Active 231 N/A N/A N/A N/A N/A
Marion Oaks
First Quarter 2011
Sales
0
200
400
600
800
1,000
1,200
1,400
1,600
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Sales Q1
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 76 158,811 N/A 154,000 N/A 102
2007 Q1 70 165,615 4% 168,500 9% 134
2008 Q1 32 131,565 -21% 137,500 -18% 173
2009 Q1 30 90,344 -31% 88,500 -36% 122
2010 Q1 82 75,600 -16% 82,900 -6% 149
2011 Q1 96 68,421 -9% 68,350 -18% 182
Active 182 N/A N/A N/A N/A N/A
Silver Springs Shores
Sales
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2005 750 131,909 N/A 134,450 N/A 81
2006 652 154,200 17% 161,000 20% 112
2007 312 149,205 -3% 153,900 -4% 148
2008 252 112,938 -24% 115,000 -25% 146
2009 445 78,963 -30% 80,000 -30% 131
2010 591 65,701 -17% 67,000 -16% 123
Active 319 N/A N/A N/A N/A N/A
Silver SpringsShores
First Quarter 2011
Sales
0
50
100
150
200
250
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 199 151,024 N/A 159,900 N/A 99
2007 Q1 107 150,806 0% 156,900 -2% 151
2008 Q1 45 122,404 -19% 125,000 -20% 166
2009 Q1 52 84,512 -31% 89,000 -29% 136
2010 Q1 131 70,277 -17% 70,000 -21% 114
2011 Q1 146 49,714 -29% 50,000 -29% 123
Active 277 N/A N/A N/A N/A N/A
Sales Q1
Sales
0
50
100
150
200
250
300
350
400
2005 2006 2007 2008 2009 2010
Sales
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010
Marion Oaks Sales Silver Springs Shores Sales
Entire County Sales
Sales
0
50
100
150
200
250
300
350
400
2005 2006 2007 2008 2009 2010
Sales
0
100
200
300
400
500
600
700
800
2005 2006 2007 2008 2009 2010
Marion Oaks Sales Silver Springs Shores Sales
Entire County Sales
DirectionList Price Sales Price Total SQ FT List to List to Sale $ per Sale $ per Number
Average Median Average Median Average Median Sale (AVG) Sale (MED) Sq. FT. (AVG) Sq. FT. (MED) Of Sales
NE Ocala 79,373 64,700 72,209 57,000 1,437 1,348 90.97% 88.10% $50.25 $42.30 306
SE Ocala 175,161 135,000 161,290 128,000 2,074 1,902 92.08% 94.81% $77.76 $67.30 389
SW Ocala 107,888 89,900 100,828 85,000 1,703 1,618 93.46% 94.55% $59.20 $52.53 1295
NW Ocala 113,051 84,500 100,199 75,000 1,641 1,505 88.63% 88.76% $61.07 $49.83 241
DirectionList Price Sales Price Total SQ FT List to List to Sale $ per Sale $ per Number
Average Median Average Median Average Median Sale (AVG) Sale (MED) Sq. FT. (AVG) Sq. FT. (MED) Of Sales
NE Ocala 79,373 64,700 72,209 57,000 1,437 1,348 90.97% 88.10% $50.25 $42.30 306
SE Ocala 175,161 135,000 161,290 128,000 2,074 1,902 92.08% 94.81% $77.76 $67.30 389
SW Ocala 107,888 89,900 100,828 85,000 1,703 1,618 93.46% 94.55% $59.20 $52.53 1295
NW Ocala 113,051 84,500 100,199 75,000 1,641 1,505 88.63% 88.76% $61.07 $49.83 241
Marion County List Price Sell Price DOM
Average $110,442 $101,995 155Median $84,995 $80,000 110Count 4,009 4,009 4,009
92.3% Sell to List in 2010
Marion County Distressed Sales List Price Sell Price DOM
Average $96,537 $90,441 182
Median $78,900 $75,250 154
Count 2,042 2,042 2,042
93.7% Sell to List in 2010
Marion County Short Sales List Price Sell Price DOM
Average $113,799 $105,084 275
Median $87,900 $83,000 234
Count 483 483 483
Marion County Foreclosed/REO Sales List Price Sell Price DOM
Average $79,275 $75,798 90
Median $69,900 $67,500 73
Count 1,559 1,559 1,559
¾ of Distressed are Foreclosure/REO
Short Sale/Nondistressed Sales List PriceSell
Price DOM
Average 85% 86% 155%
Median 80% 83% 177%
Foreclosed/Nondistressed Sales List Price
Sell Price DOM
Average 59% 62% 51%
Median 64% 68% 55%
Distressed/NonDistressed Sales List PriceSell
Price DOM
Average 72% 74% 103%
Median 72% 75% 116%
Sales
0
2,000
4,000
6,000
8,000
2005 2006 2007 2008 2009 2010
Sales
Year Active Listings (County Wide) Sales (County Wide)
2005 N/A 5,813
2006 N/A 4,735
2007 N/A 3,169
2008 6,148* 2,453
2009 4,590* 3,234
2010 4,307 4,003
2011 4,127** 692**
Marion County Sales
GLA
1,531 1,559 1,609 1,625 1,644 1,644
1,433 1,472 1,505 1,523 1,437 1,348
0
500
1,000
1,500
2,000
2006 2007 2008 2009 2010 2011
Year
Countywide
NE Ocala
Year Countywide NE Ocala
2006 1,531 1,433
2007 1,559 1,472
2008 1,609 1,505
2009 1,625 1,523
2010 1,644 1,437
2011 1,644 1,348
Vacant Single Family Land Sales in Marion County
0
1,000
2,000
3,000
4,000
2005 2006 2007 2008 2009 2010
Year
Sales
Year Sales Average Sales PriceMedian Sales
Price
2005 3,233 $29,955 $28,000
2006 1,241 $37,368 $37,000
2007 359 $25,017 $22,000
2008 252 $17,326 $15,900
2009 121 $9,193 $7,000
2010 95 $6,662 $5,300
Active 662 N/A N/A
Sales
0
20
40
60
80
100
120
140
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 121 200,502 N/A 189,900 N/A 94
2007 Q1 86 206,940 3% 203,625 7% 149
2008 Q1 53 202,480 -2% 159,500 -22% 167
2009 Q1 51 151,351 -25% 142,500 -11% 187
2010 Q1 91 121,286 -20% 121,000 -15% 154
2011 Q1 77 106,207 -12% 95,000 -21% 173
Active 351 N/A N/A N/A N/A N/A
34476
First Quarter 2011
34481
First Quarter 2011
Sales
0
20
40
60
80
100
120
2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1
Period Sales Average Sales ($) Change Median Sales ($) Change DOM
2006 Q1 114 155,131 N/A 134,950 N/A 101
2007 Q1 75 148,931 -4% 135,000 0% 152
2008 Q1 63 98,439 -34% 86,000 -36% 181
2009 Q1 56 105,711 7% 91,000 6% 197
2010 Q1 106 84,919 -20% 70,000 -23% 159
2011 Q1 92 67,937 -20% 62,000 -11% 173
Active 402 N/A N/A N/A N/A N/A
Where can you get more market trends information?
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Ellison
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Questions?
Michael G. WhiteState-Certified
General AppraiserRZ2999
352-425-0354
www.ocalaappraisals.com